Runwal Enterprises IPO
Day 1 of 5 of bidding · Sept 25, 2026
Runwal Enterprises IPO is on Day 1 of 5 of its subscription window. The latest grey market premium is Rs 25 (8.2% over issue price), down Rs 5 from previous. Total subscription stands at 0.05x (NII 0.04x, Retail 0.08x). Bidding closes on Sept 29, 2026 (in 4 days).
Last updated:Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Return Estimator (GMP*)
Allotment Chances
Financial Analysis
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 2,436.68 | 1,050.71 | 1,850.79 |
| Expense | 2,279.90 | 953.15 | 1,626.86 |
| Profit (PAT) | 93.70 | 55.65 | 185.76 |
| Total Assets | 7,079.74 | 8,328.14 | 10,254.50 |
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Oberoi Realty Limited | 68.96 | 25.88 | 13.99 | 492.89 | 6,009.06 Cr |
| Lodha Developers Limited | 34.34 | 33.42 | 14.73 | 233.11 | 16,676.20 Cr |
| Godrej Properties Limited | 61.43 | 27.53 | 9.61 | 635.96 | 5,131.43 Cr |
| Sunteck Realty Limited | 13.94 | 21.09 | 5.60 | 245.92 | 1,123.94 Cr |
| Keystone Realtors Limited | 6.25 | 56.96 | 3.32 | 226.82 | 2,634.50 Cr |
| Prestige Estates Projects Limited | 27.76 | 51.70 | 8.02 | 377.80 | 12,685.40 Cr |
| Kalpataru Limited | 4.76 | 57.66 | 1.94 | 199.91 | 3,435.62 Cr |
Promoters: Subodh Subhash Runwal
Strengths & Risks
- Healthy grey-market premium — +8% over the issue price.
- Revenue grew 76% in the latest reported year.
- Solid profit margin — 10.0%.
- Grey-market premium is slipping during the bidding window.
- Elevated leverage — debt/equity of 3.29.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Founded in February 2016, Runwal Enterprises is one of the leading real-estate developers that builds residential homes across affordable, mid-income, and luxury segments, along with commercial spaces, retail malls, and educational buildings. It is a recognized brand in the real estate industry with a strong presence across Mumbai. As of March 2026, the firm has completed 19 projects, 28 are ongoing Projects, and 33 are upcoming. Moreover, Runwal Enterprises also has expertise in developing large townships such as schools, malls, retail shops, and shopping arcades. Furthermore, the company has its own in-house team to design, architect, construct, and handle sales and marketing, contracts, and procurement for residential projects.
Runwal Enterprises Ltd., Runwal & Omkar Esquare, 4th floor, Off:, Eastern Exp Highway, Opp Sion Chunabhatti signal,, Sion-(E), Mumbai City, Mumbai, Maharashtra, India, Mumbai, Maharashtra, 400022
| Purpose | Amount (Cr) |
|---|---|
| Repayment/ pre-payment, in full or in part, of certain outstanding borrowings availed by the Company | 200.00 |
| Investment in the Material Subsidiaries namely Susneh Infrapark Private Limited and Runwal Residency Private Limited and our Subsidiary namely Evie Real Estate Private Limited, for repayment/ pre-payment, in full or in part, of all or a portion of certain of their outstanding borrowings. | 450.00 |
| Funding acquisitions of future real estate projects and general corporate purposes. | - |
Resources & Documents
Runwal Enterprises has set a price band of Rs 290–Rs 305 per share for an issue size of Rs 500 crore. The Mainboard issue is currently open for subscription and closes in 4 days on September 29, 2026.
Founded in February 2016, Runwal Enterprises is one of the leading real-estate developers that builds residential homes across affordable, mid-income, and luxury segments, along with commercial spaces, retail malls, and educational buildings. It is a recognized brand in the real estate industry with a strong presence across Mumbai.
The issue is promoted by Subodh Subhash Runwal with ICICI Securities Ltd., Jefferies India Pvt.Ltd. acting as lead manager. Net proceeds will primarily be used towards Repayment/ pre-payment, in full or in part, of certain outstanding borrowings availed by the Company (Rs 200 crore) and Investment in the Material Subsidiaries namely Susneh Infrapark Private Limited and Runwal Residency Private Limited and… (Rs 450 crore).
Grey market is quoting a premium of +Rs 25 (+8.2% over issue price), up Rs 10 from the previous session. Live demand data shows overall subscription at 0.05x, retail at 0.08x, NII at 0.04x.
On fundamentals, the company is posting revenue growth of 76.2%, a profit margin of 10.0% in its most recent reported period. Listed peers in this segment include Oberoi Realty Limited (P/E 25.88x) and Lodha Developers Limited (P/E 33.42x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
Our data-driven engine currently flags this issue as an Avoid view — key indicators are weak enough that the risk-reward looks unfavourable for now. All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Runwal Enterprises IPO GMP — What It Means
The latest grey market premium for Runwal Enterprises IPO is ₹25 (+8.2%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Runwal Enterprises it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
See the full Runwal Enterprises GMP history and trend, or learn how grey market premium works and how reliable it is.
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